New York Financial Regulator Adopts Assessment Rule for Crypto Companies – Here's What You Need to Know
The New York State Department of Financial Services has passed a new law that requires companies holding a BitLicense to pay assessment fees similar to insurance and banking firms. The regulation will give the NYSDFS new...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The regulation will give the NYSDFS new authority to “collect supervisory costs from licensed virtual currency businesses” under a provision in New York’s fiscal year 2023 budget, according to a Monday press release....
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